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The MAGA value surged 2% within the final 24 hours to commerce at $3.20 as of three.30 a.m. EST on buying and selling quantity that skyrocketed 168% to $6.09 million.
The MAGA (TRUMP) token noticed elevated volatility which can have been tied to Donald Trump’s interview with Elon Musk on X (previously Twitter). Whereas many have been wanting ahead to listening to the dialogue between X’s proprietor and the previous US President who’s now as soon as once more a presidential candidate, the occasion skilled some difficulties.
Based on Musk, the interview needed to be postponed barely attributable to a Distributed Denial of Service (DDOS) assault on the platform which hit simply because the interview was speculated to kick off. Musk defined in a publish that the X crew is engaged on shutting down the assault.
There seems to be a large DDOS assault on 𝕏. Engaged on shutting it down.
Worst case, we are going to proceed with a smaller variety of dwell listeners and publish the dialog later.
— Elon Musk (@elonmusk) August 13, 2024
Ultimately, little hurt was carried out, because the interview was merely postponed by half-hour, permitting the pair to undergo with the occasion and talk about issues like immigration and the try on Trump’s life a couple of weeks earlier.
That is the lengthy model. Shorter edit of highlights coming quickly. https://t.co/Ksm6UqdIq6
— Elon Musk (@elonmusk) August 13, 2024
The anticipation of the occasion, coupled with information of the delay, and the truth that it occurred anyway may have been liable for the excessive volatility of the TRUMP token, which noticed its value go from $3.13 to $3.71, after which again to $3.20.
MAGA Value Prediction
The MAGA value has seen sturdy fluctuations, however in keeping with a number of technical indicators, the undertaking’s volatility shouldn’t be over but. It would take a while earlier than TRUMP’s value stabilizes.
Its Bollinger bands have seen a large narrowing in comparison with the state of affairs within the final 24 hours, which is kind of a bearish sign which may counsel an upcoming value drop. Proper now, the value is balancing between the 2 bands, but it surely may simply as simply begin pushing certainly one of them up or down.
In the meantime, the undertaking’s Relative Power Index (RSI) worth has surged from the oversold zone as many moved in to purchase the dip. However, after passing the impartial degree at 50, it solely continued rising to the worth of 60 earlier than beginning to drop again down, signaling that the shopping for stress was not sturdy sufficient to push the RSI again to the overbought zone.
As a substitute, it has been fluctuating across the impartial degree, suggesting that the bulls and bears are equally matched right now. This might imply that the value would possibly stabilize, however the wider market’s efficiency will seemingly affect the token’s short-term future.
Promising Options to MAGA
The MAGA value is at the moment extremely unstable, and even the undertaking’s technical indicators replicate this by displaying contradicting alerts, which implies that the dangers are excessive and that entering into the market now may result in appreciable losses.
Luckily, there are different options to MAGA, corresponding to The Meme Video games (MGMES) — one of many latest hits amongst meme coin traders. The undertaking launched lately in honor of the 2024 Olympics however with an fascinating twist.
Meme Video games began organizing its personal meme Olympics, the place iconic meme coin personalities together with Dogecoin, Dogwifhat, Turbo, Pepe, and Brett tackle the function of athletes. By becoming a member of the undertaking’s presale, traders can choose their favourite athletes and help them within the upcoming disciplines. If their chosen athlete wins, traders will obtain main rewards.
Having to hitch the presale with a purpose to take part is the one situation, and lots of have already opted to take action, permitting the undertaking’s ICO to lift over $363.4k whereas promoting its MGMES token for less than $0.0092. Anybody excited by becoming a member of the ICO should purchase the token with ETH, USDT, BNB, or their credit score/debit card.
Simply do not forget that the undertaking’s presale consists of a number of phases, and because it enters every new stage, the MGMES value will increase barely. Which means that becoming a member of the ICO sooner means that you can purchase the token at a lower cost.
The undertaking attracted the eye of loads of consultants, corresponding to an analyst from the crypto YouTube channel, Cryptonews. In a latest video, the analyst was fairly impressed with the undertaking and its potential.
Buy MGMES on its official web site right here.
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